Managing macroeconomic risks through proactive stress testing
Client alertProactive stress testing to manage macroeconomic risk, strengthen financial stability and banking
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Australia’s superannuation sector is one of the largest holders of pension fund assets globally, with approximately $3.5t invested in superannuation assets. Exposure to fluctuations in domestic and international markets has impacted investments in recent years, which has fuelled industry consolidation.
As a sector that many look to for their future financial security, being agile and responsive to constant regulatory, policy, and legislative reform, with successive governments altering taxation and contributions policies, is critical for those who work in superannuation.
In September, we launched a survey to gather important insights from the people of Australia’s superannuation industry about their personal observations and lived experiences within the sector.
Below is a summary of our findings.
1. Positive perception of change
Respondents of all genders (female, non-binary, self-identifying & male) acknowledge the importance of increasing female representation, indicating a shared belief in the significance of this issue.
Over 50 per cent of respondents expressed a favourable outlook, suggesting that change is well underway in the industry.
2. Difference in workforce experience
The data analysis reveals that there are notable differences in experiences between males and females working within the superannuation industry.
A significant portion of respondents believed that barriers need to be addressed to continue increasing gender diversity in the industry.
Notably, the results suggest that professional development opportunities, mentoring and more leader advocacy are rich areas of focus to build on to ensure continued momentum and change.
3. Women were more engaged
More women engaged in the survey than men. Notably more women than men gave anecdotal feedback in long-form answers, which reinforced the notion that there are varied gender-related experiences within these professional contexts that affect women in a way not all men are aware of.
Women also actively participated by providing a greater number of opinions and suggestions.
Overall data analysis revealed that differences in experiences between genders within the superannuation industry is evident.
We plan to continue to address this point in activities and in considering the unique challenges and opportunities that women face in the workforce.
We plan to use the insights from our survey to better serve all professionals within the superannuation industry. These insights will help shape the strategy, content, future events and workshops we run to support current and future industry leaders.
Proactive stress testing to manage macroeconomic risk, strengthen financial stability and banking
In July 2025, we wrote about the Federal Court’s decision in S.N.A Group Pty Ltd v Commissioner of Taxation [2025] FCA 240, which was widely seen as a ‘commercial reality’ endorsement for inter entity service fee arrangements in closely held groups – where documentation is known to be imperfect.
The AUSTRAC AML/CTF Starter Programs provide a structured pathway to achieving AML/CTF compliance that will significantly reduce the effort and cost of AML/CTF compliance for entities required to meet AML/CTF obligations under Tranche 2.